FRP Development and PCCP deliver 200K SF logistics project in Delray Beach

• FRP Development and PCCP complete 200,000 SF Class A logistics facility
• Full project to total nearly 600,000 SF across three buildings
• Infill location targets last-mile demand in Palm Beach County

What FRP Development is delivering in Delray Beach

FRP Development Corp, in partnership with PCCP LLC, has completed the first phase of the Logistics Center at Delray, bringing 200,000 square feet of Class A industrial space to a key South Florida corridor. Located along US 441 just north of Atlantic Avenue, the project represents one of the first infill logistics developments in this submarket, where new supply has historically been limited.

What the scale and location mean for demand

The full development is planned to reach nearly 600,000 square feet across three buildings, positioning it as a major logistics hub within Palm Beach County. The site offers direct access to major highways and serves a rapidly growing population base, making it ideal for last-mile distribution. Tenants can occupy spaces ranging from 30,000 to 200,000 square feet, allowing flexibility across different user types.

How timing aligns with market conditions

The delivery comes as the industrial vacancy in Palm Beach County has risen to 7.4 percent following a wave of new supply. However, underlying demand remains strong, driven by population growth and continued in-migration to South Florida. At the same time, new construction starts are slowing, which could tighten supply in the near term and favor well-located infill projects like this.

“We’re proud to mark the completion of the first phase of our infill logistics development,” said Mark G. Levy. “The Center’s access to major population centers and critical transportation routes positions future tenants to meet their logistics needs efficiently.”

How the project is designed for modern logistics

The facility includes 36-foot clear heights, 45 dock doors, and over 200 parking spaces, along with features like solar-ready roofing and enhanced power capacity. These specifications align with current tenant demands for efficient, high-throughput logistics space, particularly in urban infill locations where speed and proximity matter most.

What this means for industrial investors

This project highlights a shift toward targeted infill development strategies rather than large-scale greenfield builds. For investors, the takeaway is clear. Even with short-term vacancy increases, demand for well-located logistics space remains strong, especially near dense population centers where supply is constrained. As construction pipelines begin to slow, assets like the Logistics Center at Delray are positioned to benefit from improving fundamentals and leasing momentum.